Invest

Market Analysis

A market assessment evaluating residential and
retail opportunities for Sayre was conducted. This
analysis identifies the range of feasible uses that
could potentially support a more active mixeduse environment in the downtown area while
strengthening the Borough’s overall economy.

Retail

In general, these would be smaller store types that could be tenants in downtown commercial buildings, particularly along Desmond Street, W. Lockhart Street, S. Elmer Avenue, and W. Packer Avenue—each within just two blocks of Guthrie Clinic. While the total demand likely exceeds what the downtown can physically accommodate,
existing vacant commercial spaces along these corridors could house a portion of the retail opportunities.

• Family clothing stores: 20,000 SF
• Women’s clothing stores: 6,000 SF
• Shoe stores (potentially recreation/athletic): 7,000 SF
• Sporting good store: 2,000 SF
• Used merchandise store: 5,000 SF
• Pet/pet supply store: 2,000 SF
• Art dealer: 2,000 SF
• Full-service restaurants: 30,000 SF
• Limited-service restaurants: 9,000 SF
• Ice cream shop: 1,000 SF
• Coffee shop: 4,000 SF

Residential

The assessment of rental and for-sale housing in the borough was conducted to analyze the supply and character of the existing area. A survey was distributed to the greater valley to determine the desired pricing, housing styles, and markets appropriate for Sayre Borough. The results of the analysis and survey determined that there are several sub-markets which could be supported in downtown Sayre, and those markets were then translated into the four following housing types:

1. Smaller High Quality Townhomes
2. Larger Upscale Small-Lot Singles
3. Smaller Modest Townhomes
4. Downtown Condominiums and Apartments

Development Opportunities

Existing anchors and amenities which generate daily trips in and to the downtown, are the foundation for which to build development opportunities. New housing should be located near existing retail and service anchors in the downtown. It is recommended to begin by developing upper floor vacancies for rental units, and then planning new townhomes and small lot singles in the locations identified. Large retailers should be placed at key locations indicated to create more pedestrian traffic through town. Properties identified in need of façade enhancement and improved curb appeal make ideal locations for the infill of small retail. After infill development has filled in the downtown, there are several other locations to look for future opportunities for mixed use buildings and new housing options such as N. Lehigh Street.

Small urban markets can provide fresh food and grocery items as well as a selection of prepared foods

High-end, small-lot, single houses can provide housing for families looking for additional space.

High-end townhomes are desirable for young first-time home buyers as well as those looking for high-quality, yet low-maintenance living.

A reimagined Desmond Street is complete with a consistent aesthetic that includes decorative concrete, curb bumpouts, imprinted asphalt crosswalks, light standards, and branding along with restaurants and retailers providing opportunities for outdoor dining and shopping.

210316-Executive Summary Low Res-42

A new community splash park proposed for the existing space next to the Sayre Theatre provides opportunities for families from Sayre and the greater region to enjoy a unique recreation experience.